Jan.29 (GMM/Inautonews.com) Volkswagen is contemplating a formula one foray, according to German reports.

The carmaker giant’s motor sport representative Wolfgang Durheimer told leading business magazine Wirtschaftswoche he has devised a preliminary plan for the future that includes F1.

“Later this year I will put forward proposals to the executive group for (involvement in) not only the racing series that we do already,” he said.

“It is true — in America, Asia and the Middle East, we are not sufficiently represented in motor sport,” added Durheimer.

The magazine cited sources in saying the first step for VW, already linked commercially with the Red Bull rookie team Toro Rosso, would be to become an engine supplier.